Etsy, Inc. (NASDAQ:ETSY) Nasdaq 49th Investor Conference December 6, 2023 8:00 AM ET Company Participants Josh Silverman - Chief Executive Officer Rachel Glaser - Chief Financial Officer Conference Call Participants Matthew Cost - Morgan Stanley Matthew Cost Great. Well, hello everyone and good afternoon. My name is Matt Cost from Morgan Stanley, U.S. Internet team here subbing in for my colleague, Lauren Schenk. I'm thrilled today to be joined by the Etsy management team, Josh Silverman and Rachel Glaser, ...

Etsy, Inc. (NASDAQ:ETSY) 3rd Annual Needham Consumer Tech/E-Commerce Conference November 20, 2023 11:20 AM ET Company Participants Josh Silverman - CEO Rachel Glaser - CFO Conference Call Participants Anna Andreeva - Needham Anna Andreeva All right. Well, good morning, and welcome, everyone, to Needham’s 3rd Annual Consumer Tech/E-Commerce Conference. My name is Anna Andreeva. I am a senior analyst here at Needham, covering, e-commerce and global brands. And next up, we are very excited to have the manageme ...

Etsy, Inc. (NASDAQ:ETSY) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Deb Wasser - Vice President, Investor Relations Josh Silverman - Chief Executive Officer Rachel Glaser - Chief Financial Officer Conference Call Participants Deb Wasser Hi, everyone, and welcome to Etsy's third Quarter 2023 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations. And joining me today are Josh Silverman, Chief Executive Officer, Rachel Blazer, Chief Financial Officer, and Jes ...

Q3 2023 Financial Results November 1, 2023 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our financial guidance for the fourth quarter of 2023 and underlying assumptions, including our long-term Adjusted EBITDA margin target and expectation of Adjusted EBITDA margin headwinds from subsidiaries; the pressure on the Etsy marketplace from external factors; our ability ...

财务状况 - 2023年第三季度，Etsy的总收入为19.06亿美元，较2022年同期的17.59亿美元有所增长[23] - Etsy的总资产为26.35亿美元，较2022年底的24.49亿美元有所增加[22] - Etsy的净利润为2.24亿美元，较2019年同期的8.04亿美元有所增长[23] - Etsy的现金及现金等价物为7.42亿美元，较2022年底的9.21亿美元有所减少[22] - Etsy的总负债为31.82亿美元，较2022年底的30.72亿美元有所增加[22] - Etsy的总资产中，现金及现金等价物占比最大，为28.6%[22] - Etsy的总负债中，长期债务占比最大，为72.3%[22] - Etsy的净利润中，基本每股收益为1.82美元[23] 营销与产品开发 - Etsy的营销费用为1.61亿美元，较2022年同期的1.47亿美元有所增加[23] - Etsy的产品开发费用为1.14亿美元，较2022年同期的1.08亿美元有所增加[23] 公司投资 - Etsy公司在2022年底设立了影响投资基金，预计将投入约3000万美元，截至2023年9月30日，已将部分资金投入三项长期投资[56] - 截至2023年9月30日，Etsy公司的投资组合总价值为525,708千美元，其中现金及现金等价物占210,178千美元，短期投资占234,930千美元，长期投资占76,600千美元[57] 公司风险 - 公司的业绩可能会受到宏观经济状况等因素的影响，导致收入增长放缓[175] - 公司市场信誉和社区联系对成功至关重要，无法留住现有买家和卖家可能导致财务表现下降[176] - 公司专注于建立可信赖的品牌形象，维护市场信誉和可靠性，但可能面临多种潜在风险，如市场中断、政策执行不力、投诉负面宣传等[177] - 公司规模增大可能使其成为不良行为者和欺诈者的目标，增加了风险[179] - 公司需要不断改进市场和客户体验，否则可能需要投入大量资源，无法维持市场信誉和吸引买家和卖家[180] - 公司的财务表现和增长取决于吸引和留住活跃的买家和卖家，如果买家或卖家减少活跃度，可能会影响财务表现[182] 公司运营风险 - 公司依赖于Google Cloud提供的计算、存储、数据处理和网络等服务，任何对Google Cloud的重大干扰都会对公司的运营产生负面影响[216] - 公司的生产系统依赖于内部技术以及第三方服务提供商提供的云服务和软件，任何对生产系统的部分不可用性都可能影响公司为客户提供服务的能力[220] - 公司的卖家和买家依赖于邮政服务和运输公司的持续和畅通访问，任何运输延迟或增加的运输费用都可能对公司的业务、财务表现和增长产生负面影响[224] 知识产权和税务风险 - 公司可能无法充分保护其知识产权[257] - 公司可能无法有效监督未经授权使用其知识产权[258] - 公司可能无法通过保密协议有效保护其知识产权和机密信息[259] - 公司可能会面临税务义务和有效税率的波动[260] - 公司的有效税率和现金税额可能会受到业务运营结果的影响[263] - 公司在普通业务过程中存在许多税务确定性不确定的交易和计算[264] - 公司的税务负担和有效税率的波动可能会对业务产生不利影响[265] 公司债务和风险管理 - 公司的债务工具可能限制其追求业务战略的能力[267] - 公司的保险可能无法覆盖或减轻业务面临的所有风险[269] 公司业务竞争和市场风险 - 公司面临激烈竞争，可能无法有效竞争[273]

会议主要讨论的核心内容 Etsy的市场定位和增长机会 - Etsy是一个高度差异化的电商平台 [5] - Etsy的可寻址市场规模巨大 [6] - Etsy在疫情期间经历了快速增长 [7] 宏观环境和消费者需求 - 宏观环境对低收入消费者的支出有较大影响 [9][10][11] - 尽管如此Etsy的关键指标仍保持稳定 [10][11] - Etsy正在通过提供折扣等方式来适应当前的促销环境 [13][14][15] 国际业务表现 - Etsy的国际业务增长势头良好 [19][20] - 新买家在国际市场的人均消费较低 [21] 竞争格局 - Etsy欢迎竞争 [23] - 当前市场存在较多打折促销 [24][25] - Etsy的流量主要来自有机渠道 [25] 业绩展望和关键驱动因素 - 第三季度业绩指引反映了改善的趋势 [27][28] - Etsy正在努力提升买家活跃度和购买频次 [30][31][32][33][34] - AI技术在Etsy的应用和未来发展计划 [39][40][41] 定价策略和利润率 - Etsy保持了较为稳定的定价策略 [43][44][45][46] - 利润率保持较高水平 [48][49] 子品牌发展策略 - Etsy出售Elo7业务 [51][52] - 继续投资Reverb和Depop [51][52][53]

Etsy, Inc. (NASDAQ:ETSY) Oppenheimer 26th Annual Technology, Internet & Communications Conference August 8, 2023 9:55 AM ET Company Participants Josh Silverman - Chief Executive Officer Rachel Glaser - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Jason Helfstein Good morning, everyone. Thanks for joining us. I'm Jason Helfstein, I oversee Internet research for Oppenheimer. I'm very excited to have Etsy CEO, Josh Silverman; and CFO, Rachel Glaser. We've done this every y ...

Etsy, Inc. (NASDAQ:ETSY) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Deb Wasser - Vice President, Investor Relations and ESG Engagement Josh Silverman - Chief Executive Officer Rachel Blazer - Chief Financial Officer Conference Call Participants Deb Wasser Hi, everyone, and welcome to Etsy's Second Quarter 2023 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations. And joining me today are Josh Silverman, Chief Executive Officer, Rachel Blazer, our Chief Fina ...

Q2 2023 Financial Results August 2, 2023 Forward-looking Statements 2 This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our financial guidance for the third quarter of 2023 and underlying assumptions; our short- and long-term growth potential and ability to reignite growth and gain market share in our top categories; our product development and marketing initiatives and their ability to improve c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period endedJune 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-36911 __________________________________ ETSY, INC. (Exact name of regi ...